Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Ones to watch.


Recommended Posts

Hello I'm just starting to play in Penny stocks I am hearing good things about Transgaming ( TNSGF) They should go in the next 6 months to like 1.50


Also got a little Gigoptix (GIG) and IKANO (IKAN) hearing thse could go to like 5$ range this year anyone else hearing anything out there.


I may be way off base but I am in for sure a small amount compared to the dinar lol what the heck. I'm following the chicago penny guide from WSD not sure if that is even a good place to start.

Link to comment
Share on other sites

  • 1 month later...
  • 2 weeks later...

BBLKF Stock has started moving again after there problems. Years back I bought and sold and made great profit, buying at .01-.02 selling at .04-.11. One to watch. With penny stocks use money you can afford to lose. I also use the 300.00 rule invest with that amount and when I have put the 300.00 back I can invest more.

Edited by dklll
Link to comment
Share on other sites

  • 7 months later...

Update on the WAMUQ - Washington Mutual court case.

there is an agreement with the Hedge Funds and the EC

They have agreed to let all of the equity have the new company

all equity intact. more info in by June 6.

They say their is only 160 million dollars in the new company?

4 Huge hedge fighting over 160 million dollars - not likely

Many hidden assets 5 Billion in Nols,

and The EC has stated that there where 30 Billion dollars unaccounted for?

You have to be in it to win - We will have to see?

Best board for information on this stock




here is some updates on wmih the former (washington mutual bank)


News for 'WMIH' - (WMI Holdings Corp. Announces Commitment by KKR for Strategic Investment Parties Enter into Conditional Commitment Letter for KKR to Acquire Subordinated Debt, Convertible Preferred Stock and Warrants)

SEATTLE, Dec. 9, 2013 /PRNewswire via COMTEX/ -- WMI Holdings Corp. (OTC: WMIH)

("WMI" or the "Company") today announced that KKR & Co. L.P. has entered into a

conditional commitment letter to make a strategic investment in the Company (the

"Commitment Letter"), dated December 8, 2013.

Subject to the completion of definitive documentation, due diligence and the

terms and conditions of the Commitment Letter, KKR has agreed (i) to purchase

approximately $10.55 million face amount of convertible preferred stock of the

Company at a price per share of $1.10 convertible on a one-for-one basis into

shares of common stock of the Company (the "Convertible Preferred Stock"), and

(ii) commit to purchase up to $150 million aggregate principal amount of

subordinated 7.5% PIK notes, which may be issued in one or more tranches over a

three year period, each with a seven year term from the date of initial issuance

(the "Subordinated Notes"), subject to certain terms and conditions.

Substantially all of the proceeds from the Subordinated Notes, if and when

issued, would be used by the Company to fund future acquisitions. Upon

consummation of the transactions contemplated by the Commitment Letter, KKR

would receive five-year warrants to purchase approximately 61.4 million shares

of the Company's common stock, 30.7 million of which would have an exercise

price of $1.32 per share and 30.7 million of which would have an exercise price

of $1.43 per share. KKR would also have the right for three years to participate

up to 50% in equity offerings up to an aggregate of $1 Billion by the Company

subject to certain limitations, including a cap in ownership by KKR (and its

affiliates) of 42.5% of the Company's common equity. The Convertible Preferred

Stock, if and when issued, will include the right for KKR to appoint one of

seven members to the board of directors of the Company. The Commitment Letter

terminates on January 31, 2014 in the event that the parties do not enter into

definitive documentation on or before such date. The Company has agreed to

reimburse KKR for certain expenses incurred by it in connection with the

Commitment Letter and has also agreed in certain circumstances to pay KKR a

termination fee equal to $2 million.

Michael Willingham, Chairman of the Company said, "We believe this investment

from KKR will provide WMI Holdings with a compelling opportunity to create

meaningful shareholder value. KKR has a global network of relationships, deep

expertise in transaction execution, portfolio management, capital-raising, and

operational improvement, and we believe a partner with these capabilities will

augment our ability to execute on our stated acquisition strategy."

Tagar Olson, Member and Head of KKR's Financial Services team stated, "As a firm

that invests across a wide range of asset classes, we think KKR is

well-positioned to serve as a long-term aligned capital partner to the Company.

We are looking forward to being a strategic investor in WMI as the Company grows

and diversifies its platform in the coming years. We believe there is a

compelling opportunity to help build shareholder value as a significant investor

alongside WMI's existing shareholders."

Blackstone Advisory Partners L.P. is acting as financial advisor to the Company

in connection with the transactions contemplated by the Commitment Letter. Akin

Gump Strauss Hauer & Feld LLP and Lane Powell PC are counsel to the Company.

Simpson Thacher & Bartlett LLP is counsel to KKR.

About WMI Holdings

WMI Holdings Corp., formerly Washington Mutual, Inc., consists primarily of WM

Mortgage Reinsurance Company, Inc. ("WMMRC"), a wholly owned subsidiary of the

Company that is domiciled in Hawaii. The Company's primary business is a legacy

reinsurance business that is currently operated in runoff mode by WMMRC.

About KKR

Founded in 1976 and led by Henry Kravis and George Roberts, KKR is a leading

global investment firm with $90.2 billion in assets under management as of

September 30, 2013. With offices around the world, KKR manages assets through a

variety of investment funds and accounts covering multiple asset classes. KKR

seeks to create value by bringing operational expertise to its portfolio

companies and through active oversight and monitoring of its investments. KKR

complements its investment expertise and strengthens interactions with fund

investors through its client relationships and capital markets platform. KKR &

Co. L.P. is publicly traded on the New York Stock Exchange (NYSE: KKR) and

"KKR", as used in this release, includes its subsidiaries, their managed

investment funds and accounts, and/or their affiliated investment vehicles, as




  • Upvote 1
Link to comment
Share on other sites

This topic is now closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.

  • Testing the Rocker Badge!

  • Live Exchange Rate

  • Create New...

Important Information

By using this site, you agree to our Terms of Use.